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be off the on markets like india in particularly actually. >> mark, this is christine again. one story we're focusing on, china's wealth fund, cic to buy u.s. mortgages. what does it say about the chinese appetite for u.s. trishes, and is this an ideal investment for the chinese? >> gee, i didn't see that news headline. i would say $2 billion isn't a lot of money for china. it's a lot of money for the rest of us but not for china. the chinese have been very explicit they want to take advantage of the weak prices globally to make acquisitions. they've been trying to make acquisitions in resources around the world. i don't read anything huge into it. sorry, christine, not one way or the other. >> thanks for joining and sharing your thoughts with us. mark matthews and aaron snipe. >>> banker bonuses under attack from all sides in the u.k. chancellor alstair darling told the sunday times he will change the law to ensure compensation is not paid to employees whose actions put banks at risks. the comments come with reports from bar clays is offering a massive package for several employees being
's left hundreds dead. >>> plus, anger boiling over in india right now at the way one of the country's biggest stars was treated by u.s. immigration officials we're learning new details right now of the incident that's grown to a real international controversy. i'm wolf blitzer in cnn's commander for breaking news, politics, and extraordinary reports from around the world. you're in "the situation room." >>> he's been focusing like a laser beam on health care reform, but for a brief time today, president obama put america's servicemen and women front and center speaking at the convention in phoenix and vowing more money and help for vets struggling to deal with life after combat. let's go to our senior white house correspondent, ed henry. what was the president's basic message to the vets? >> reporter: urging more patience in afghanistan, a war that has been going almost eight years, the president telling me that the fighting is fierce, that the u.s. will not defeat the tlaliban overnight. out here on the streets of the convention center, some of the groups that used to stalk preside
of india, july imports 68% year over year. exxon mobile and petro china, $41 billion deal for gorgon project in australia. but that is making major news in the gas complex today. mark, back to you. >> a rally in asia overnight. let's check out some numbers. shanghai composite, jumping 1.4% a day after suffering its biggest loss of the year. bombay sensex up 7%. what's going on in europe, guy? >> we are in positive territory at the moment, but as you can see the cac is off. barely in positive territory. the story remains very, very cautious. volatility is down fractionally but nonetheless looking at a very, very nervous market. let me show because we've done today. the housing data did have a big impact on the markets, dragging us down and stoxx 600 is up by 0.5% at the moment. let me talk about the data points out today. uk inflation is very, very stick y it's still positive, one of the on the advanced economies that still have economy at 1.8. you strip out mortgages that number goes negative. the survey out of europe very positive as well. making pointing to a positive g3 for the ge
on india? we have the economy growing 6.1% in the june quarter. how sustainable is it once this sort of stimulus kind of wears off? >> well, it seems that, you know, all those countries that have been hit much harder than the u.s. itself, the u.s. was the epicenter of the crisis, but all the asia countries have been hit much harder and have fallen down further. so they rebound also in a stronger fashion. i think this is just a rebound of, you know, looking like more recovery potential. but i think, you know, as the u.s. is also picking up speed now in the third quarter. we should be quite a sustainable recovery across asia. >> yeah. we also have in japan, of course, a new government in place. we also have mixed data coming out, japan today. we have industrial output better than expected growing 1.9% in july, but retail sales also falling in july, as well. how do you think all of this is going to weigh on the bank of japan? >> well, we think that the bank of japan is going to keep the monetary policy for a considerable period of time. but certainly what we are now seeing is at least i
. >>> in india, this guy's a big bollywood star. in new jersey, just a guy who apparently looks to somebody else like a terrorist. is this a tsa profiling case or somebody trying to get publicity for themselves? i was in the grocery store when i had a heart attack. my daughter was with me. i took a bayer aspirin out of my purse and chewed it. my doctor said the bayer aspirin saved my life. please talk to your doctor about aspirin and your heart. i'm going to be grandma for a long time. it doesn't cover everything. and what it doesn't cover can cost you some money. that's why you should consider... an aarp medicare supplement insurance plan... insured by united healthcare insurance company. it can help cover some pd what medicare doesn't... so you could save up to thousands of dollars... in out-of-pocket expenses. call now for this free information kit... and medicare guide. if you're turning 65 or you're already on medicare, you should know about this card; it's the only one of its kind... that carries the aarp name -- see if it's right for you. you choose your doctor. choose your hospital. and
in india and japan, after two strong earthquakes at sea. one just south of tokyo bay. another even stronger quake hitting just off the coast of india. japanese authorities shut down two nuclear reactors and bullet train service as a precaution. right now, they're carrying out intensive safety checks and inspections, but so far, no major damage or injuries have been reported. >>> in new york city, divers have found the body in the wreckage of a small plane at the bomb of the hudson river, it collided with a helicopter on saturday, resulting in nine deaths. the body is pinned in the wreckage and cannot be recovered right now. the plane could be lifted from the river as early as tomorrow. >>> on wall street, stocks retreated today, as investors locked in profits after a four-week rally. the dow jones industrial averages down 32 points, the s&p 500 lost three, and the nasdaq finished eight points lower. now back to "hardball." >>> welcome to "hardball." south carolina governor, mark sanford, may have more trouble right now, "associated press" reporter jim davinport wroed wrote this -- >>> gover
will not tone it down we are miracle whip >>> tsunami warnings have been lifted in india and japan after two strong earthquakes at sea. one of them was just south of tokyo bay. another even stronger quake hitting off the case of india. japanese authorities shut down two nuclear reactors and bullet train service as a precaution number major damage or serious injuries have been reported. nnchts new york city, divers have found the body and wreckage of a small plane at the bottom of the hudson river. that is the plane that collided with a sight seeing helicopter on saturday resulting in nine deaths. divers say the body is pinned in the wreckage. authorities hope to lift the plane from the water later today. meanwhile in, capitol hill, house leaders are scrapping plans to spend $330 million on new high end jets for senior officials. instead, they're asking for only $220 million to replace a handful of older jets that they say have safety and maintenance issues. now back to "hardball." >>> welcome back to "hardball." south carolina governor mark sanford may have more trouble right now. associated
's basically the only computer people are going to have in emerging markets. in india a government regulator just put out a report, four times as many people getting on the web on their phones as on their pc. >> what about that? do you buy into some of these trends or are you just literally looking very specifically at dividend plays and value plays? >> well, one of the things that we've seen is the u.s. consumer and consumer around the world is actually continuing to buy stuff, which is great. you would think that with the challenges the consumer has faced over the last year or so in deleveraging and everything else and the job market the way it is the consumers wouldn't be spending. but one of the things that we're hopeful about with the economy is that the consumer's actually out there spending money. >> well, what about the market here? you're talking about a market that's up 50% from the bottom on march 9th or so. >> we think right now we're pretty much as close to a maximum value point for the moment. when third quarter earnings come out, we expect them to be pleasing enough that the m
countries, brazil, india, russiaa, china. russia is still one of the ones you want to be invested? i recognize as oil goes higher it's positive but russia was sort of the outlier there for a little while. >> i'd say we're most focused, you know, at morgan stanley investment management we have an investment emerging markets portfolio manager rushi sharma. i agree with him. we very much like the india story. i'm probably a little more positive on brazil. but we want to stay in the big liquid countries. and we also have a positive bias toward some of the smaller countries where we're seeing catch-up, things like turkey. but there's a lot of interesting things going on in the u.s. versus global. take china versus the u.s. right now. china's financials are trading at almost three times book. the u.s. financials are trading at one times book. and in the near term i think the chinese banks will continue to do well, but ultimately they're going to participate price the way u.s. banks did from excessive lending along the way. there's going to be opportunity we do long, we do long short, and t
there watching. like the opening ceremonies of the olympics. there you have it. that's india for you. america's strangest or the world's strangest country. they say and this is a sad angle. the sport is dying out in india. this is -- as young people move on to more conventional games like volleyball and soccer. the elders, tossing babies. right. elders in the community trying to keep it alive, the wonderful tradition. >> keep hope alive. >> what about tickle fighting? >> it's an nerf opportunity. >> it is. good thinking. >> so who's ahead in the fight? the strangest -- >> india is. i don't consider it a fight. used to be japan. they make useless robots. dances with you. india with things like that and the baby tossing, far, far ahead at this point. >> no doubt about it. thank you, willie. i'm sure mika's going to -- let's just say i don't want to be here monday when mika gets in. going to be a little chill. >> i don't think so. >> yeah? >> i think she likes open, openness, honesty. >> it's her paris hilton family. >> you should do a pillow fight on the set, willie and mika. >> beat the hell o
is rolling out it's high-end bikes in india next year. india is the big second biggest motorcycle market. >>> so the cash for clunkers program, the tally is in, almost 700,000 vehicles sold in the roughly two-and-a-half months this program was under way. yes, eight out of ten of the top ten vehicles sold were foreign-made. foreign brands. many of them built in the united states, though. but the success of this program, should it be expanded to other areas, cash for appliances, for example? firing off on the power grid, former clinton white house staffer david goodfriend, and gm berkman and associates. you know how it works. 20 seconds to make your case. jack, you probably don't even need 20 seconds to tell us why you don't think it should be expa expanded. >> carl marx said don't worry about america, they will spend themselves out of existence. i think he was right. we're diverting capital where it should not be. you've got an artificial industry with artificial jobs. now the government is stimulating artificial purchases within that artificial industry. we're reaching levels of absurdit
up for canada, brazil, india. how much do you want? the evidence is clear cut, we'll have rising real gdp in practically every significant country in the world in the third quarter. >> where should they go right now? they missed a chunk of this rally, we're still about 40% below the peak of october 2007. do i deare believe we can achiee those peaks and what do we do to get to them. >> they need to define their goals and find what the right asset allocation is for them. if they're 100 answ% in stocks can't afford it, they better zero down. they need to check to see if they don't need to change. they're trying to figure out if the stock market will go up or down for the next month and that will determine what will do with my retirement money. that's crazy, insane. you have to go back, never a wrong time to go to the right asset allocation. stop paying attention to short term fluctuations. >> robert, what's your best short term investment or two? you're in st. louis, if i'm not mistaken. what do you tell the heartland folks and main street investors? >> we like infrastructure. we think b
more in growth markets as well. those included china, brazil, india, and russia. we also arrested in positioning the federal government. as you just indicated, that's starting to pay off for us. there some really positive news and we're trying to expand our global footprint. if you think about it, most of the capital expenditures in the world, two-thirds are outside of north america. north america is extremely important but we should expand beyond that. >> i don't think the analysts got it. he is a smart guy. >> i agree. >> he is good. known him for 30 years. but nortel, their demise has to be in your sweet spot. even though a lot of it is business, their business competes against you is kind of in flux. isn't it? >> absolutely. in fact, part of our growth products, in fact, this past quarter, our optical networking products had the biggest growth ever as well. we actually compete against nortel. and we're winning new customers around the world. >> now, can you give me a sense on if i am a verizon or at&t or if i'm a cable company, why i need you to win the war, tellco versus cabl
negotiation going on between india and china that could short term hurt the stocks. i don't dislike mosaic, i just like potash better. if you're bullish, consider adp and paychecks. those are the great recovery plays. paychecks is better because it's got that hefty yield. after the break i'll try to make you even more money. >>> hoping to give your portfolio the golden touch? cramer goes one on one with eldorado's ceo to find out if his stock can shine on the executive position. >>> and later, try to keep up with cramer as he takes your calls rapid fire in an all-new "lightning round." >>> plus, how do your stock stack up in a mystifying market? cramer makes sure your portfolio make the grade on "am i diversified?" all coming up on "mad money." he ran off with his secretary! she's 23 years old! - oh, come on. - enough! you get half and you get half. ( chirp ) team three, boathouse? ( chirp ) oh yeah-- his and hers. - ( crowd gasping ) - ( chirp ) van gogh? ( chirp ) even steven. - ( chirp ) mansion. - ( chirp ) good to go. ( grunts ) timber! ( chirp ) boss? what do we do with the shih-tzu?
're also positioned around the world in india, china, mexico, et cetera, very well. so i like our balance, i like our hand, erin if i think this quarter was a good step in the right correction. >> all right. mark haines is looking forward to many years. >> it will be fun, mark. erin, good to talk to you again. >> good to see you, john. >> made me sound like a terrier who won't let go of the bone. >> it's your job, mark. it's a compliment. >>> up next, the faber report, starring the man named as the sexiest business reporter. >> oh, yes. >> by "business insider." david pouring overcome cast and directv results. >> and later, your cnbc edge, hang tight through the correction, there will be a rally on the other side of the rainbow. ♪ ♪ (tucci) count on the nation's fastest 3g network. at&t announcer: some people buy a car based on the deal they get. - others buy the car of their dreams. - ( beeps ) during the lexus golden opportunity sales event, you can do both. it's an opportunity today. it's a lexus forever. special lease offers now available on the 2009 es 350. >>> you're watching cn
in india what's your game plan there. >> first of all, we explored how we could work together. the reality is that we didn't get a. agreement on, you know, vj's price expectations. having said that, we pass a very good friend. i think he admires our portfolio. i have a huge respect for his business. but today, nothing with all discussions. >> paul walsh, thanks so much for joining us. we appreciate it. >> thank you. >>> all right. let's check those futures once again for you. we're just kind of hashing around here close to fair value. dow supposed 1.20. right around fair value. no big deal at the open unless something changes dramatically. >> something exciting could happen. >> yeah, you never know. >> never know. >> someone can issue a press release or make a statement and we could be -- >> we could try and do something exciting. >> -- off to the races. >> we might have something really exciting planned. no, okay. anyway. >> i don't think we have anything planned. anyway, time to get the word on the street. here on the floor is warren meyers, cnbc market analyst, pepperdine, hardest worki
seng fell 2 1/2%. shanghai composite down 2.9%. india's bombay sensex is down. guy? >> narc, the get go of the session, we were in negative territory. you follow what happened in asia. payroll has changed that all around. you are seeing the futures numbers. you can see it as we speak acro across europe. we've now got most of the main markets trading in positive territory. let me show you the spike we got in the stoxx 600. this is the story, instantaneous reaction to that number. stoxx 600 is trading at a session high here in europe. we are up by 1%. as you can see, most of the morning spent in negative territory. let me talk about some of the stories that aren't moving the market over on our side of the pond. royal bank, very negative today. much more negative than anticipated. it missed on the metrics today with its figures. the real thing that struck the market, though, was the comments that came out of steven, the ceo. i spoke with him first thing this morning. he was much more cautious than lloyd was earlier on this week. he is talking about two years at least in terms of getting th
, painfully, dull. let's play "oddball." i would have rather seen 13 hours of this from india, indian army stunt man has set out to accomplish the impossible. attempting to ride a moving motorcycle while standing atop a 15-foot ladder for eight hours in a row. donald rumsfeld there was not impressed. the old record is eight hours but interrupted by short breaks. jatindra said he wanted to set the record to bring glory to his indian army daredevil team, plus he was worried he was losing his cool. i may have that mixed up with that shark episode of "happy days." anyway, he broke the record. congratulations. and bye. to beijing and artist hong chin who does not let anything go to waste after he puts it down. some throw away the hair after it falls on the flow. mr. chin uses it to build sculptures. behold the gate of the heavenly peace, the famous building in tiananmen square or as it were here tiananmen air. the edifice was built in honor of the -- had used red dye for some of the walls and also does a brisk walk-in clown business. he has plans to build more communist buildings this year and
for a hearing. >>> harley davidson sunounci i e announcing plans to sell its motorcycles in india next year. they're hoping the middle class will trade in smaller, more inexpensive motorcycles for its hogs. >>> what's ahead on "fast money"? hi, rick. >> hi. the traders are going to be breaking down today. stock reversal. give you the plays for tomorrow. >>> plus, hey, we've got the latest from dell's conference call. and the traders and i, of course, are live at 5:00. >> i'll see you in five minutes, rick. thanks so much. >>> up next, several key events tomorrow could have an impact on trading. we'll break it down, what you need to know when the opening bell sounds on friday. some people buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 es 350. and you know what, it works. nutrisystem for men: flexible new programs personalized to meet your goals. what's great about nutrisystem is you eat the foods you love and you lose weight. i'm dan marino. i lost 22 pou
profits from india's tata steel looking to soar on reports of higher prices and improving demand. tune in to cnbc world to catch all the action overseas. at cnbc's asia headquarters i'm adam bakhtiar going global with your money. >>> well, high-yield bond funds have had a good month so far. 30-plus percent year returns attracting almost $15 billion in assets. has the rally begun to run too far too fast? joined by jim keegan of the ridgeworth immediate bond fund and brendan white of the touchstone high yield bond fund. gentlemen, good to have you on the program. what's your thoughts, jim? >> at this point, maria, all risky assets have run very far very fast in a short period of time and our view right now is the economy is experiencing what we consider to be transitory growth and it's all about the consumer. the consumer is the lynchpin to the u.s. economy and the global economy and we just see that there's a secular change going on in consumer spending behavior driven by four factors -- less consumption, higher savings, less leverage, more regulation, and higher taxes. >> so what do yo
a recent trip to china and india and pointed out clearly that not only are those countries do okay, but in some ways they're thriving, growing at 5, 6, 7%, even as the u.s. economy retracts. and ultimately, this global meltdown could be a tipping point from both of those countries to truly standing on par in some real ways with the u.s. and europe. other interesting unintended consequences, as we heard the president of iran, ahmadinejad, say he was going to make fairly significant appointments of women to his cabinet, that was certainly not the expectation three to six months ago as the election in iran neared, certainly not as the chaos that ensued. but what's so interesting about the world, you never know exactly what's going to happen and some of the pushback that's happened in iran has led to that. and it led me to wonder, what will be the consequences or unintended consequences of this august recess? the obama administration feared the recess, thinking it would put a stop on health care reform. but what if this new strategy brings president obama out, ultimately liberates demo
%. but those markets, china, brazil, and india are up substantially more than that. so they have been the leaders in terms of investment performance. and when we start to see cracks in these markets, and i think we're going to continue to see some cracks, they're way ahead of themselves. >> okay. >> it's going to impact our market. >> don, you want to answer that? >> i think he's a little too pessimistic about this. it's going to be volatile. but it's a small market compared to ours. it's an important indicator of sentiment here. but it is not really a competitor for the kind of institutional investors that are dominant in our market or are dominant in japan or the european markets and not a good indicator for individual investors here either. >> okay. >> the way individual investors participate in china is in those chinese stocks that trade in america. >> okay. new topic. bob, housing data very strong today, what about the housing stocks? is that some place you're willing to go to? they've had tremendous runs, is it all priced in? >> i think most of it is priced in. we still have a w
and domestic fund holders sold equities in india in the past week. what do you make of the chinese story here? >> what i would read into that is china's been the leading indicator of all the economies throughout the world in that they've put their money to work a lot more aggressively than we have where there's a lot of bipartisan debate as to how quickly orr where the money should go. they put it to work and restocked commodities across the boor and that on a week over week basis has been slowing down and if you look at the baltic dry index it's actually down 26% from the june highs and put the june together, slower baltic dry index that's come down, and people sense that perhaps they're taking a step back and the economy that's been surging throughout the world. people are a little bit nervous, and it's hard to argue points made earlier. but i think the best way to go about investing right now is to buy high-quality growth stocks that aren't dependent on the capital markets, that are doing well despite the structural problems that still exist. >> you mention a good point in terms of the bal
. there is a price negotiation going on between india and china that could short term hurt the stocks. i would use any opportunity to buy them. i don't hate mosaic, i like potash better. if you're bullish, consider adp and paychecks. those are the great recovery plays. paychecks is better because it's got that hefty yield. after the break i'll try to make you even more money. >>> hoping to give your portfolio the golden touch? cramer goes one on one with eldorado's ceo to find out if his stock can shine on the executive position. >>> and later, try to keep up with cramer as he takes your calls rapid fire in an all-new "lightning round." >>> plus, how do your stock stack up in a mystifying market? cramer makes sure your portfolio make the grade on "am i diversified?" all coming up on "mad money." i'm racing cross country in this small sidecar, but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's f
the crowd in take me out to the -- as we mentioned in the intro down load it from i-tunes. to india where five years ago the transmission and taxi driver's fiat broke. he lost every gear except reverse but continued to direct customers anyway backwards. for some reason people still get in the cab. five years later he is still driving backwards and has become something of a local celebrity. he uses this charming siren to alert those around him and con torts his body to get a look out the back window for the whole ride. not exactly a private ride for the passenger obviously nor comfortable for mr. deb, quoting him i do have frequent pains in the neck and i have had severe vomiting in the past. pain in the neck? vomiting? you, sir, sound like you're ready for midtown manhattan. >>> polling plus comedy suggests that she is not the best choice for the republicans for president in 2012 if they're going for the wink vote. >>> and this started serious and got worse, that gun owner at a presidential town hall is one dot away from the government manufactured waco guy. these stories ahead. >>> first
india, folks from asia. >> there's an awful lot of those folks, americans who are unemployed. who are in their mid-40s and things like that who are being moved out so these people can move in. >> now let's talk about health care. a little bit of tape of some of the more august liberals from the senate. we have what happened to john dingell this weekend, let's watch a little bit of that, also tom harkin in iowa. these are angry people. now, you're going to new hampshire tomorrow. the president is doing a town hall meeting. what do you think is going to happen in portsmouth, new hampshire? >> i've got my hands on one conservative new hampshire group that is recruiting volunteers to show up. they've been using facebook and other news groups to do that and they're trying to get people there. look, new hampshire, arguably, you know, new england invented the town hall meeting or the modern day town hall meeting. these folks now how to do it. so you have this feeling, i wouldn't be surprised if we see a mob scene on the outside, but i wouldn't be surprised if the white house almost hopes
coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you get beyond the 12-month rice, you're talking politics s rather than economics. it will be highly unusual after fiscal stimulation in the monetary stimulation, injected in the economy didn't have the intended effect. >> over the weekend barron's said you would almost prefer a return that's tepid, because as long as the economy is subpar, less politicians are, they can't force through legislation, you go along with that or would you rather have a booming recovery? >> no. steady as she goes. >> really? >> give opportunity for the excesses to unwind. same thing for the stock market. our target at the beginning of the year, my vice chairman, a grea
's happening in china and india. >> yeah. see, here's the problem. i can't pull into the gas station and say, oh, that's above the fair market value. i'm only going to give you $1.95 a gallon. how much of this -- you said it was speculative. is it still liquidity -- a liquidity driven phenomenon? there's a lot of liquidity going into the market. >> you can't do a thing about it right now. obviously there's a lot of money on the sidelines that look for asset based investments right now. oil is becoming an investment right now so many different individuals. the fact that we're trades in the $70s and oil is nearly spilling on the ground in the united states, the consumers are so down and out right now. the fact that we are trading above fair value that will be rectified here very soon. >> conceivably, we could really -- oil prices could really crater? >> we think that we have the supply is nearly at an all-time highs right now. opec has -- >> we should be, what, $30? >> we should be probably around $50 to $55. we do have china and india. their economies are doing well. the u.s. is still by far
. >> you've been traveling the world a good bit including recently coming back from india. >> i've been in china and india. fortunately those economies are still moving ahead. thank goodness we have some part of the world economy working. that's some good news. >> and it was interesting, i did see a report that sa
, crop shortages in this brazil and india, big talk. >> bob, technology still holding up, nasdaq up 7.5 points. i take you to wall and show you big cap technology stocks. the story today dictated by apple. barclays capital raising the price target to 208 from 188, not only like the product line but free cash flow. stocks up 1.75%. microsoft strong, as well, 1%, talking about the zzunor next month. look at what is happening in the chips base. 1% for the semiconductor index, names internally within that intel, qualcomm, and r.w. baird. palm, jim goldman was telling you on the menu, smart phones, palm is up 4%, despite the fact it was cut to sell at morgan joseph, and an upgrade at morgan keegan. >> the question we often ask so many times, what's driving crude oil? we have two charts here that really put it in focus. first take a look at oil versus the dollar. the dollar has been down all day, but it's been so steady and you see the volatility in oil. so, okay, now flip it. take a look at oil versus the s&p 500. it's pretty clear, based just on those charts, and t
limited. >>> from china, let's switch gears and head to india. ayesha joins us for the business report. >> it's been a volatile monday. asia was holding up. started off on a positive note. within minutes of trade it slipped down. around the 4500 level. just marginally holding. that's the case for the broader markets as well. what's dragging the indises down is the monsoon worries, which still hasn't picked up in certain key regions of the company. you have a couple of monsoon sectors. big draggers today. unilever stocks one of the losers today. what's gaining on the flip side is the entire i.t. sector. they are maintaining a good 6% gain right now. of course, pharma is holding up pretty well. in the meant, talking about monsoon, the worries clearly continue. they have actually stayed down the long-term forecast to 80% from the previous 95%. that as the market is watching. meantime, the swine flu death toll has risen in the country. in fact, it's gone up to six, with two deaths reported this morning in all. so that, of course, is bringing a flurry of activity with the entire pharma pack
last week. this market is up 1.1% today. the hang seng up 1.7%. and the sensex in india up 2.4%. in terms of nymex and crude, it is up on recovery, hopes that demand could be picking up. crude at $73.80. down two cents. brent as well, down five cents, $74.13 a barrel. a little bit of a putback in terms of nymex and brent. let's cross live to tokyo and check in on the trading day from the nikkei. >> thanks, christine. tokyo stocks rebounded sharply monday. they closed 3.35% higher. verch investors were hearted by friday. the market jumped 8.4% while cannon gained 3.6%. hitting the year to date another. the nikkei reported that the firm stands a chance of pushing profit in the year ending next march instead of the projected 10% decline. >>> meanwhile, polls are projecting a landslide victory for the main opposition party. investors are even more concerned that dpj lawmakers have been calling for tighter regulations on the consumer finance industry. confirming the nikkei report, the second largest convenience store operator lawsan, and matsumotokiyoshi have announced they will f
on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you have counters from the entire real estate space like unitech and glenn mark pharmaceuticals, that is one count which is in focus and trade today. here is perhaps the reason why. forest labs currently says they did not show positive results in the phase 2b trials pop so any jerk reaction coming in on opening bell. the counter was down about 18 odd percent. still continues to suffer, down about 14% on last count. some bit of recovery in ranbaxy, idn and a couple of other counters which have which has sold off a bit in the last week or so. with that, it's back to you. >> ayesha faridi, thank you very much. and it's back to becky now. >> the world is focusing on the economic
investors to come in and push higher. >> when it comes to jewelry, people are selling. women in india is the best place to look. that's when you know the crieses have topped out. we have all this money rolling in and we can't get to $1,000. >> earlier in the year, we had levels of skraps being liqu liquidated. it's pretty hard and fast and that was in the first call. now it moves up and it's pretty slow. investment is off as well. investment is there and what you need now is another wave of investment coming in to push prices higher. >> for those who are interested in stepping into the precious metals and the imf sale as well. would you recommend that? do you view it topping the $1,000 mark? >> the gold market is really quite tiny. the investments are pushing in and it's possible to push it beyond that level. they are pushing at the market and inflation to really start in a big way. they could see investment coming and $1,000 is possible. >> thanks for joining us. appreciate it. >> we have a strong market performance and let's get to the reporter beginning with bertha coombs. >> we ha
news is bullish. we forget in the crude oil market, it's china and malaysia and india and indonesia and it's asia that is now the real demand change in the energy market. we are becoming less and less important. we might be the largest user, but the greatest increases and change and rate of change in demand is going to come from there. china we have to remember is the largest taker of every raw material in the world. chinese buy suggest taking it higher. we break out above 75 and can go to 80 quickly. >> at the same time we have all been watching china this week as a leader to the u.s. markets. whatever they did, we tend to mirror that. there is concerns about china and the recovery and the pace going on. at the same time can you make the case that it is china and asia driving the surge in oil and at the same time we are fretting about whether they will continue at the pace. >> china will continue at the pace and we are more concerned about whether the stock market was a bubble and does beijing want to try to keep that from getting too hot? is the chinese economy going to be more ab
. gobbing infants from the roof of a mosque in india. >> alysin: line? >> clayton: hundreds of babies under the age of two or shaken in the air like that for being dropped off the roof of the b merger got the shrine in western india. despite protests from child's local officials say there are no reports of injuries. steve i would never got to the why. there are 5w's in the news story >> clayton: brings good luck to the child for the rest of their life. she won that one doesn't look like he feels he is lucky speak either need therapy to rest of their lives. >> clayton: the best part is you grow up, you don't know you got dropped off a roof. a jimmy, when you're just a baby we dropped you off the roof of "fox news" building out here beside that's not healthy. let's talk health care reform. it takes a huge step forward on friday. the house fortunate last-minute compromise. joining us from washington is caroline shively. caroline, this book came in very late. a long busy day in the house, right? >> right, the vote did not come down until after 10:00 o'clock. the house commerce committee voted o
of an impact on india where they consume huge amounts of sugar. in this country, first of all we pay twice the world price anyway because of the interference of the united states government. >> i love that. yeah, great. >> industrially, you know, processed foods, most of them switched over to high fructose corn syrup decades ago anyway. >> it's not you pouring sugar on those strawberries over there. >> that's minor. >> i love sugar. >> on the strawberries? >> major sugar person. there you go. i like splenda on my strawberries. >> spenda? >> i love it. tastes just like sugar. it's great. tastes just like sugar. >> i'll give eight shot. >> all right. >>> coming up, wild moves in a handful of stocks this week. following that trade, following the momentum plays and getting your money ready for the weekend. >>> and stay tuned to meet a small business owner who is beating the big boys at their own game. the owner of a local hardware store is seeing a boost in profits, even hiring in this economy. our small wonder series kicks off in just minutes. you're watching "squawk on the street." reading a
what is at the center of the multi-lateral system. g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we are going to get out of qe first and use other facilities to keep the system working the best we can. >> mohammed a couple of quick crude market questions before we run out of time. back on july 28th, headlines ran that said, as you know, el-erian said stock rally won't continue with lack of revenue. el-erian selling into corporate bond equity rally. is that still happening? do you think markets have hit their high for the year? >> we position ourselves more cautiously. we think at these levels risk assets of pricing a lot of good news, not just
composite gained 1.7%. on top of 4 1/2% the day before. india's bombay sensex up 1 1/2%. guy johnson, what's happening in europe? >> mark, we are trading higher. i just want to point out that it is on staggeringly like volume. nobody is out there. just take a look at the clips going through the european market are incredibly light at the moment. so when you look at what you're seeing here on the screen, you've got to bear that in mind. i kind of want to walk you around europe and talk about the stories we're watching. in london, justice blackburn ruled today that english courts do not have the jurisdiction to force creditors of lehman europe to accept the wind-up for them. that's highly significant because pwc, pushing through that wind-up order, now says that it could take a decade town wind the assets of lehman europe. bear that in mind when you come up this anniversary which we're rapidly approaching of the lehman collapse. let's go over to germany where all the talk is about what happens with gm europe, opel. talk is this board meeting taking place today with gm. the indications are th
manufactures, way better than expected. pre-bear. and they also saw the same thing in brazil, india, and china. >> well, you know, there was massive government intervention. >> right. >> massive, around the globe. here we go. at the big board, javelin investment management celebrating the recent look at jet dow jones islamic market international index fund. i don't get where the -- >> where the jets. >> i'll finger out where the jets come from. and at the nasdaq, the mt. sinai medical center. >> market reporters are standing by. let's get there. opening down 42. not full any open. bob, take it away. >> freddie mac is up here nicely, 122. that's a nice little move up there. 45-cent move. bottom line is, for the first profits in nearly of two years, sited a number of different things. change in accounting, that is kind of important. lower funding costs. gains in the company's derivative portfolio. fannie and freddie were the two most actively traded stocks. they don't need additional funding or financing from the u.s. government at this time. at this time is very important. they made a point of
at china and india, they have both upped their forecast for gdp growth this year. and there's going to be a lot of demand right there alone.e. you can say the same thing for cell phones, two-thirds of us in the developing world. >> it's going to be non-u.s., your industry for a while at least? >> yeah. and again, i think that's been the case for some time now. yeah. >> so, where are the fabs now? we talked about this last time. >> right, yeah. >> and i'd like to kind of keep track of that.t. we still have a lot of fabs in the u.s. of is this overseas demand resulting in a shifting of where we make them? >> with still have a lot of fabs in the u.s. we still are investing in new state-of-the-art leading edge technology, leading edge capability here in the u.s. both in terms of wafer size, 12-inch wafers, at the load level, dimension level.l. as a consequence of that, still about 70% of the u.s.-based companies, production is taking place here in the u.s. and we think that's going to continue for the next few years. >> do you know what i don't hear anymore, and maybe it's because we've
, in fact, if you showed woodstock the way they showed india in slum dog millionai millionaire, you would have about the same sanitation. and that's -- you know, that's a bad thing and i've been writing this for years, that, in fact, the future that we were dreaming of and trying to work towards did not consistent of squatting in the mud, taking what you were given. it consisted of something more activist. >> right. and you had -- you talked about, also, how this was one of the least -- one of the more poorly organized rock concerts. >> it was horribly organized. >> and even talked about how all the groups were threatened, saying if you ask for money, we're going to call you out. the who basically said, screw you, give us our money. >> it's funny, because that's been the news break from this story. i wrote that in my biography of the who 20 years ago. but now it's news. but i think what happened at woodstock in the 30th anniversary in 1999 where they were gouged by the promotors, where there was arson, where there was rain, took the sheen off it for a lot of people and i think now people
gandhi in india, he would have gotten nowhere if it hadn't been the soviet union looming in the background and it seems me until we reach a point in which poor people are organized and willing to struggle against the wall street capitalists, we're going to continue to see a roll-back of all the gains of the civil rights and the labor movement. i was hoping you'd comment. >> host: thank you shaun from washington state. >> guest: shaun, i don't think we're in any danger of seeing a roll-back of the civil rights movement. the civil rights movement have transformed america. we have other groups from american indians to latinos, gay rights groups, children's rights groups who have emulated the very legal strategy that thurgood marshall used to transform the laws of america and allow for equality and inclusion. i think what you're talking about is more on an economic basis and the increasing class stratification that we see in the united states today. and i'm reminded -- i remember sitting with thurgood marshall and saying to him, you know, if you were a young man today, going
in algeria and india. in algeria the russians and sold them 29 and had to take him back because they were defective and then they gave them to their own forces. [laughter] the next time you fly, and you have been aboard. [laughter] and indigent if you follow the indian discussion, i mean, this incredible story of the admiral is a fiasco of cosmic proportions and the russians are embarrassed. it turns out a lot of the 29 states sold also were defective in some respects or others and people in the indian government has en complaining several years now the russians are selling them junk. the rubber is going to meet the road when the iian government puts up 126th fighter planes. fighter planes are what made the russian defenseonnection to indy 500. if they lose the contract they are in a dangerous position economically. so, yes they are selling weapons to the southeast asians and they obviously want to diversify for an exposure for reaso obvious to everybody but the fact of the matter is russia cannot compete and it is their own fault as we discussed earlier. next question over here. >> secon
clever title. and the jewelry line is stunning, by the way. and it goes back to your roots in india and you take some inspiration from that, but you've also lightened it up a little bit, as well. >> yeah. i mean, i love beautiful traditional indian jewelry. i have a lot of it, of course, from my mother, from my grandmother and aunts, but i really wanted something a little more modern, a little more wearable and i think that there was a need in the marketplace of women like me who don't have time to come home after work and change before they go out at night. i leave the house at 9:00 and i'm wearing a blazer or a pant suit because i've got meetings. and maybe i change into a cocktail dress. or on the weekends, i go to the grocery store, go shopping with a girlfriend and then wear jeans and i needed jewelry that could serve all the different parts of my life. and i wasn't finding it. i just wanted pretty delicate jewelry that didn't upstage me, that could go with all the different parts of my wardrobe and my personality. and so i started off just creating a micro collection of pieces
for return to india. leaked ministerial letters revealed. gordon brown's government made the decision after discussions between libya and british petroleum over a multimillion dollar oil exploration deal had hit difficulties. these were resolved soon afterwards. the letters were sent two years ago by jack straw, the justice secretary, to kenny macaskill, his counterpart in scotland, who has been widely criticized for taking the form aldecision to permit megrahi's release." so directly linked to oil exploration in libya by the british government. >> we suggested last week there was a deal, and now we find out that's probably the case here. you know, the next question is what did the u.s. government know? >> exactly. >> when did they know it? how forcefully did they try to get the british government -- >> how is it possible they didn't know? >> let's ask ron. ron brownstein, we all think around the table the u.s. government had to know. the british government had to give us the heads up while they were quietly talking about doing this behind the scenes. is that a safe assumption to make? >> i
to small farmers in places like india. short on resources and long on demand. >> for just a very, very small amount of land, farmers can produce much more grain. >> but what about the growing popularity of organic produce? ron moore, a long-time monsanto customer, believes biotech crops are necessary to meet the needs of a growing planet. >> we'll have to use all the technology available to farmers to increase production to supply food for that population. >> a population relying on more crops for food, feed and fuel. for more "people, planet and profit" check out sustainability at there's no one exactly like you. raymond james financial advisors understand that. and they have the freedom to offer unbiased financial advice designed to weather market uncertainty and help you reach your goals. no matter how lofty. raymond james. individual solutions from independent advisors. >>> a warm welcome back to "squawk box" here on cnbc, first in business worldwide.Ñ we are one hour away from the opening bell. here are some of stories we are following this monday morning. the cash for
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